USDCAD Analysis 12Oct2023In my analysis of USDCAD, I identified a potential buying opportunity in the Fibonacci retracement zone of 0.236 to the SND area. The market structure still shows a series of bullish trends, indicating a possible upward trend. However, it is important to note that this analysis will be invalidated if the price drops below a certain level. Therefore, it is essential to keep an eye on the price movement and adjust the strategy accordingly.
Usdcadoutlook
USDCAD Analysis 10Sep2023If you follow my analysis since the beginning of August until now, the USDCAD pair is still in accordance with the initial analysis. bullish for one full month. At present the price is close to the trendline that applies as resistance. If we pull the Fibo Extension, then the price is likely to go to Fibo 0.5 - 0.618 before the price is corrected.
USDCAD Analysis 30July2023The possibility of a significant movement in the next few days for this pair. If you look a week ago this pair is more likely to accumulate with a structure like sideways. I am still sure that there is an opportunity to be limited to the SND D1 area below before this pair returns to bullish.
USDCAD Analysis 9July2023on this fibo extension, it looks like wave a = wave c. when wave c has the same length as wave a and there is a correction, there is a possibility that this correction will approach the invalid area. if you want to go long, it is better to wait for a saturated candle in the SnD area.
USDCAD - 1 MONTH TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
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USDCAD D1 #OutLook 21 to 25 September #OutLook 21 to 25 September
Dear Traders Today We Have an Analysis Of USDCAD D1. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That After The Long Sell Moment Market Running In a Buy Trend With a sign of Ascending triangle 🔼 Due to This Moment We have tow new Targets( Resistance Level) 1st @1.33845 & 2nd @1.3578
If the Market Not refuses The Price @1.33845 Accordingly 2nd target will be Done.
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
SHORT DOLLAR LOONEY OPPORTUNITYAfter bouncing off the 100% Fib Extension, the pair hit resistance at the 38.2% and is now hovering just over the 1.3000 round number. I'm awaiting a valid close below the entry zone which is between 1.30235 and 1.29935. A decisive close below this level could lead to a potential +300 pip move into the 1.618 - 2.000 Fib Extension area.
USDCAD OUTLOOK USDCAD: 4 Hour cycle is bearish against 1/20 (1.469) and the 1-hour cycle is bullish against 9/8/2017 low (1.2065). Correction to the cycle from 4/17 low is proposed complete at 1.2957 low. Near-term, while dips remain above that level and more importantly the pivot from 4/17 low stays intact pair is expected to resume the upside. We don’t like selling the pair and prefer staying long from 1.297 equal legs area with a risk free trade.
BUY USDCAD
@1.3100/1.3120
target: 1.3300
Stop loss: 1.3050
Good luck !
USD/CAD, DAY CHART, SHORT (4-DEC-2016)We see the price of crude oil spike last week due to OPEC decided to cut 1.2m crude oil daily production.
If the trend continues, we do see the strength of CAD.
Caution on the BOC Rate Statement on Wednesday which might influence the movement of this trade significantly.
Technically, if the price able to break the support zone, we will call a short for it!